Enviro and Michelin extend strategic partnership letter of intent

Enviro and Michelin have extended their recently signed letter of intent regarding a strategic partnership between Scandinavian Enviro Systems (publ) and the French global tyre manufacturer until October. The original exclusivity agreement built into the initial letter of intent was due to run out on 31 July and would have meant that Enviro couldn’t co-operate with other tyre manufacturers and tyre suppliers until after this date. That too has been extended until the end of October.